Expiry brief · Friday, 30 October 2026
What the NIFTY option chain is pricing today, in numbers a trader can act on: the straddle as the expected move, volatility, skew, and four structures priced live. Written by the server at fixed times, every trading day.
Scheduled today
| IST | RELEASE | ACTUAL / FCST | ||
|---|---|---|---|---|
| 08:00 | 🇯🇵 | high | BOJ Policy Rate | <1.25% |
| 08:00 | 🇯🇵 | high | Monetary Policy Statement | |
| 08:01 | 🇯🇵 | high | BOJ Outlook Report | |
| 08:32 | 🇯🇵 | high | BOJ Outlook Report | |
| 08:32 | 🇯🇵 | high | BOJ Policy Rate | <1.25% |
| 08:32 | 🇯🇵 | high | Monetary Policy Statement | |
| 11:00 | 🇯🇵 | high | BOJ Press Conference | |
| 18:00 | 🇺🇸 | medium | Employment Cost Index q/q | 0.8% |
Full week on the economic calendar →
At the open · 09:20 IST
Taken 09:20 IST · LIVE
NIFTY is at 22,944.90, +0.04% on the day. The 22950 straddle for the 03 Nov expiry costs ₹285.40 (138.40 call + 147.00 put), which is the market pricing a one-standard-deviation move of about ±285 points, ±1.24%, over the 4.3 days to expiry. Read that as the expected range: 22,660 to 23,230. Roughly two expiries in three should finish inside it; the third is where the money is made and lost.
India VIX at 15.57 is in its ordinary range: premium is fairly priced, and the edge comes from structure and sizing rather than from volatility being mispriced. Skew is mild (+2.4 IV points): neither side of the chain is paying up, so structures can be built symmetric around spot.
Priced off this chain, an iron condor collects ₹4,430 a lot with a maximum loss of ₹2,070 and breakevens at 22,782 / 23,118. The short strangle underneath it collects ₹12,857 — ₹8,427 more — for a loss that has no ceiling. That difference is the price of sleeping through a gap; decide whether it is worth paying before the market decides for you.
On the other side, the long straddle costs ₹18,551 a lot and needs NIFTY beyond 22,665 or 23,235 at expiry to pay. It bleeds about ₹2,182 a day in time value right now. Buy it only if you expect the market to move more than it is charging for — and know why.
Open interest across the loaded strikes: the largest call open interest above spot sits at 23,000 — the strike writers are defending as resistance; the largest put open interest below sits at 22,800, the floor.
Strategies priced off this chain · NIFTY · lot 65
| Structure · legs (per share) | Net / lot | Max profit | Max loss | Breakevens |
|---|---|---|---|---|
| Iron condor −1 22850 PE @ 105.20 · +1 22750 PE @ 72.60 · −1 23050 CE @ 92.60 · +1 23150 CE @ 57.05 | credit ₹4,430 | ₹4,430 | ₹2,070 | 22,782 / 23,118 |
| Short strangle −1 23050 CE @ 92.60 · −1 22850 PE @ 105.20 | credit ₹12,857 | ₹12,857 | unlimited | 22,652 / 23,248 |
| Long straddle +1 22950 CE @ 138.40 · +1 22950 PE @ 147.00 | debit ₹18,551 | unlimited | ₹18,551 | 22,665 / 23,235 |
| Bull call spread +1 22950 CE @ 138.40 · −1 23050 CE @ 92.60 | debit ₹2,977 | ₹3,523 | ₹2,977 | 22,996 |
Re-price any of these live in the builder →
Why the straddle is the expected move — Finch, chapter 6 →
The expiry brief is generated by Finostat's server from its live option chains at fixed times and written up from templates; it is education and market description, not a recommendation. Prices are indicative and can be stale. Derivatives can lose more than you put in. Finostat is not a SEBI-registered adviser.